Governor Lesetja Kganyago: In the shadow of COVID: Lessons from 20 years of inflation targeting
(WorldNews Japan)

An address by Lesetja Kganyago, Governor of the South African Reserve Bank, University of Pretoria, Pretoria 12 August 2020 In the shadow of COVID: lessons from 20 years of inflation targeting Good afternoon, ladies and gentlemen. This speech is about 20 years of inflation targeting. For two decades, we have been part of a great international experiment in getting monetary policy right. Inflation targeting has delivered a long period of price stability, comparable to the best years of the post-War Bretton Woods system, and should be considered a success for South Africa and for many other countries. To understand how we got to where we are now, looking back at 20 years of inflation...